The sign-off, via Supplemental Type Certification for its GTX 345/335 ADS-B transponders, offer a simple way to ADS-B In/Out in more than 60 models of helicopters.

The transponders (previously popular in fixed-win aircraft) don't require panel modifications on installation, and the GTX 345 adds more features including ADS-B traffic, subscription-free weather, and Bluetooth and Connext methods to get information to Garmin portables.

Garmin raised full-year guidance on revenues to $2.95B (above consensus for $2.91B), with a stronger outlook in all segments but auto, and full-year pro forma EPS of $2.65 (above an expected $2.52) based on a gross margin of 55%.

Free cash flow was $199M; the company ended the quarter with cash and marketable securities of $2.4B.

Terms weren't disclosed. Iiyonet, which distributes the company's consumer products in Japan, has been folded in as a subsidiary of Garmin Japan Ltd., largely unchanged; Iiyonet will retain "substantially all" of management, sales, marketing and support staff.

“The acquisition of Iiyonet will further bolster our sales and distribution efforts in a key Asian market,” says CEO Cliff Pemble. “This acquisition will enhance our ability to support our key retailers and OEMs in Japan.”

Garmin (GRMN+0.4%) is taking on a $200M expansion at its campus in Olathe, Kansas, that will have room for nearly double the employees.

The plan has two phases: The first will be two years of construction on a 720,000-square-foot manufacturing and distribution center, while the second will be renovating the existing warehouse and manufacturing space into office and R&D facilities, which should take an additional two years.

When completed in 2020, the 96-acre campus will have 2.1M square feet of space with room for up to 2,600 more employees beyond the 2,800 there now.

Garmin (NASDAQ:GRMN) is off 5.5% as Goldman Sachs cuts its rating on the stock to Sell, from Hold.

The analysts have a price target of $46, 14% downside from yesterday's closing price.

Shares are "near a peak P/E" of 21, "rich" compared to 1% compounded annual growth in fiscal 2015-2017, the firm says. Fitness/Outdoor, a key segment for the company, is expected to slow from 29% growth in Q2 to 7% in Q2 2017.

The team sees three catalysts ahead: New product launches from rivals Fitbit and Apple; pressure on fitness products this holiday season from new categories of electronics, including drones, VR and home assistants; and tough comps as Garmin laps its own strong product cycle pushed by the commercialization of its Elevate heart monitor technology.

The company hit its 52-week high of $56.19 on Aug. 1; shares are up 36.5% YTD.

Garmin (NASDAQ:GRMN) is 2% lower today after Raymond James cut its rating to Hold amid the stock's very solid run this year.

The thesis behind the firm's upgrade last year has "played out," says analyst Tavis McCourt, and the valuation has gone from about nine times P/E (ex-cash) to about 16 times -- "levels that have generally coincided with more muted performance.”

And while Raymond James expected some renewed growth from wearables with embedded heart rate monitors, Apple and Fitbit are pursuing new products that might have an impact on Garmin financials (though McCourt says that's not especially likely).

Garmin should maintain a "distant" No. 2 position in activity trackers even with new Fitbit Flex and Charge HR products, and an Apple Watch featuring GPS would be fighting Garmin's brand and price advantages in the running/swimming/triathlon segment (Garmin's Forerunner line).

It's guiding to full-year revenue of about $2.9B (up from $2.82B ) and EPS of $2.50 (up solidly from a previous $2.25 ), along with a slightly higher gross margin of 55% and operating income of $550M, up from $510M.